U.S. Treasury Secretary Vincent Bescent said Musk's Department of Government Effectiveness (DOGE) is committed to making the federal government more efficient, so that U.S. taxpayers don't have to worry about the security of their personal data. So far, the DOGE team has identified about $50 billion in savings, Bescent said in an interview with Fox News on Tuesday. "So that's a good place to start." Cost-cutting efforts could end up saving "us a few percentage points of GDP," he added. However.....
The US Treasury secretary said the strong dollar policy continued under Mr. Trump, saying in an interview that it had not wavered at all. "We want a stronger dollar. We don't want other countries to manipulate trade by devaluing their currencies."
The US Treasury secretary said the strong dollar policy continued under Mr. Trump, saying in an interview that it had not wavered at all. "We want a stronger dollar. We don't want other countries to manipulate trade by devaluing their currencies."
Mr. Bescent, the US Treasury secretary, said there was "a great deal of misinformation" about the Department of Government Effectiveness and the Treasury.
The Trump administration's focus on lowering borrowing costs is on the 10-year Treasury yield rather than the Federal Reserve's benchmark short-term interest rate, Treasury Secretary Vincent Bescent said. "He and I are focused on the 10-year Treasury," Mr. Bescent told Fox Business when asked if President Donald Trump wanted to lower rates. "He's not calling for...